Teledyne gets contract for underwater vehicles that remove explosives

A subsidiary of Thousand Oaks industrial conglomerate Teledyne Technologies secured a multi-million dollar contract with the U.S. Department of Defense to deploy underwater vehicles to disable and remove explosives, the company announced Jan. 3.

“Teledyne SeaBotix ROVs are robust and reliable systems that are used by EOD and other military and security forces,” Teledyne SeaBotix President William Kikendall said in a news release. “The systems perform a variety of critical functions for the military but also serve to keep the men and women of our military out of harm’s way.”

The underwater vehicles are designed to perform maritime security, search and recovery, hull, pipeline and infrastructure inspection, hazardous environment intervention, aquaculture, sensor deployment, oceanographic research and nuclear applications, the company said.

Teledyne shares went up 7 cents on Jan. 4 to $124.07 but have since fallen to $123.21 as of noon Jan. 5.